Analysts’ Recent Ratings Changes for Michael Kors (KORS)

A number of research firms have changed their ratings and price targets for Michael Kors (NYSE: KORS):

  • 2/9/2018 – Michael Kors is now covered by analysts at JPMorgan Chase & Co.. They set a “neutral” rating and a $62.00 price target on the stock.
  • 2/8/2018 – Michael Kors was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 2/8/2018 – Michael Kors had its price target raised by analysts at Wolfe Research from $73.00 to $81.00. They now have an “outperform” rating on the stock.
  • 2/8/2018 – Michael Kors had its price target raised by analysts at Bank of America Corp from $58.00 to $69.00. They now have a “neutral” rating on the stock.
  • 2/8/2018 – Michael Kors had its price target raised by analysts at Nomura from $69.00 to $80.00. They now have a “buy” rating on the stock.
  • 2/8/2018 – Michael Kors was given a new $75.00 price target on by analysts at Barclays PLC. They now have an “equal weight” rating on the stock.
  • 2/8/2018 – Michael Kors was given a new $71.00 price target on by analysts at Royal Bank of Canada. They now have a “hold” rating on the stock.
  • 2/8/2018 – Michael Kors had its “equal weight” rating reaffirmed by analysts at Morgan Stanley. They now have a $57.00 price target on the stock, up previously from $51.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 2/8/2018 – Michael Kors had its price target raised by analysts at Needham & Company LLC from $69.00 to $75.00. They now have a “buy” rating on the stock.
  • 2/7/2018 – Michael Kors was given a new $65.00 price target on by analysts at BMO Capital Markets. They now have a “hold” rating on the stock.
  • 2/7/2018 – Michael Kors was given a new $71.00 price target on by analysts at Cowen Inc. They now have a “hold” rating on the stock.
  • 2/7/2018 – Michael Kors had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $90.00 price target on the stock.
  • 2/6/2018 – Michael Kors was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Michael Kors has been constantly deploying resources to expand product offerings, opening new stores, building shop-in-shops and upgrading e-commerce platform. These endeavors along with the positive earnings streak for the 10th straight quarter and an upbeat fiscal 2018 outlook following the sturdy second-quarter results, aided the stock to outpace the industry in the past six months. The company now envisions fiscal 2018 total revenues to be approximately $4.59 billion, up from the previous estimate of approximately $4.275 billion. Management anticipates earnings in the band of $3.85-$3.95 per share for the fiscal year, up from the earlier estimate of $3.62-$3.72 per share.  Meanwhile, Michael Kors’ acquisition of Jimmy Choo will help diversify portfolio and tap international markets. However, stiff competition, falling comps, aggressive promotional environment and waning mall traffic still remain concerns.”
  • 2/5/2018 – Michael Kors had its “hold” rating reaffirmed by analysts at Robert W. Baird.
  • 2/5/2018 – Michael Kors had its “hold” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $72.00 price target on the stock.
  • 1/30/2018 – Michael Kors was upgraded by analysts at OTR Global to a “positive” rating.
  • 1/25/2018 – Michael Kors had its price target raised by analysts at Barclays PLC from $58.00 to $69.00. They now have an “equal weight” rating on the stock.
  • 1/24/2018 – Michael Kors had its price target raised by analysts at Oppenheimer Holdings Inc. from $62.00 to $74.00. They now have an “outperform” rating on the stock.
  • 1/21/2018 – Michael Kors was given a new $62.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 12/31/2017 – Michael Kors was upgraded by analysts at ValuEngine from a “buy” rating to a “strong-buy” rating.
  • 12/22/2017 – Michael Kors was given a new $58.00 price target on by analysts at Robert W. Baird. They now have a “hold” rating on the stock.
  • 12/18/2017 – Michael Kors is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $69.00 price target on the stock.
  • 12/14/2017 – Michael Kors was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $73.00 price target on the stock.

Shares of Michael Kors Holdings Ltd (NYSE:KORS) traded up $1.27 during midday trading on Monday, reaching $61.07. The company’s stock had a trading volume of 1,814,017 shares, compared to its average volume of 2,356,042. The company has a current ratio of 2.00, a quick ratio of 1.06 and a debt-to-equity ratio of 0.48. The company has a market cap of $9,099.61, a price-to-earnings ratio of 18.12, a PEG ratio of 1.74 and a beta of 0.08. Michael Kors Holdings Ltd has a 1-year low of $32.38 and a 1-year high of $69.95.

Michael Kors (NYSE:KORS) last issued its earnings results on Wednesday, February 7th. The lifestyle brand reported $1.77 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.48. The business had revenue of $1.44 billion during the quarter, compared to analyst estimates of $1.38 billion. Michael Kors had a return on equity of 40.86% and a net margin of 11.32%. Michael Kors’s revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.64 EPS. equities research analysts anticipate that Michael Kors Holdings Ltd will post 4.48 earnings per share for the current year.

In other news, SVP Pascale Meyran sold 6,835 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $60.01, for a total value of $410,168.35. Following the completion of the transaction, the senior vice president now directly owns 10,081 shares of the company’s stock, valued at approximately $604,960.81. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Krista A. Mcdonough sold 7,500 shares of the business’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $55.93, for a total value of $419,475.00. Following the completion of the transaction, the senior vice president now directly owns 10,647 shares of the company’s stock, valued at $595,486.71. The disclosure for this sale can be found here. Insiders own 6.00% of the company’s stock.

Michael Kors Holdings Limited is a designer, marketer, distributor and retailer of branded women’s apparel and accessories and men’s apparel bearing the Michael Kors tradename and related trademarks MICHAEL KORS, MICHAEL MICHAEL KORS, and various other related trademarks and logos. The Company operates through three segments: retail, wholesale and licensing.

Receive News & Ratings for Michael Kors Holdings Ltd Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Michael Kors Holdings Ltd and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply